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Charts: If S&P Holds, Gold Could Hit $2,000

Wednesday, 7 Oct 2009 | 1:40 AM ET

Gold's value is on the rise, according to Chris Locke from Oystertrade.com Management. He told CNBC Wednesday that â??the next point (for gold) should be pretty quickly to $1,250-$1,300.â? He also said that gold will outperform stock s and added that if the S&P can hold at the 1,050 level, then the value of gold â??should move to around $2,000.â?